The PBAF standard provides financial institutions with practical guidance on biodiversity impact and dependency assessments and define what is needed in order for these assessments to deliver the right information to financial institutions.
56 financial institutions, together with over 11 trillion in assets under management, are already taking action, with more joining every month.
On the 5th of July, the ‘Dependencies’ part of the PBAF Standard was launched. This part of the Standard provides guidance on the steps in a dependency assessment and includes PBAF requirements and recommendations for financial institutions and data providers. For more information and to watch back the 2023 PBAF Launch Event, click here.
Other parts of the PBAF Standard, including the Biodiversity Footprinting Standard, will be updated later this year.
Interested in joining the open collaboration of financial institutions in PBAF? See more details here!